INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Biden to hold virtual summit with Japan, Australia, India leaders Thursday: Delhi

US President Joe Biden will announce $800 million in new security assistance to Ukraine Wednesday, AFP
  • The statement from India's foreign ministry came a day after Indian Prime Minister Narendra Modi spoke to Russian President Vladimir Putin
  • The grouping is seen as a bulwark against China, and there have been concerns in India and elsewhere that the Ukraine crisis would distract Washington from the region

US President Joe Biden will hold a virtual summit Thursday with the leaders of the other members of the Quad grouping Japan, Australia and India, New Delhi said.

The statement from India’s foreign ministry came a day after Indian Prime Minister Narendra Modi spoke to Russian President Vladimir Putin for the second time since Moscow’s invasion of Ukraine last week.

The US has called on Delhi to use its “leverage” with Moscow.

The Indian statement made no mention of the Ukraine crisis, saying that Biden, Modi, Fumio Kishida and Scott Morrison would “exchange views and assessments about important developments in the Indo-Pacific”.

The grouping is seen as a bulwark against China, and there have been concerns in India and elsewhere that the Ukraine crisis would distract Washington from the region.

The meeting could also be an opportunity for the other leaders to press Modi to take a more critical line on Russia’s invasion of Ukraine.

India, which leaned towards the Soviet Union in the Cold War and maintains strong ties with Moscow, has urged Russia and Ukraine to cease hostilities but has stopped short of condemning the invasion.

On Wednesday, it again abstained in a UN resolution deploring Russia’s actions.

The brief statement added that the four leaders would “review ongoing efforts to implement the Leaders’ initiatives announced as part of the Quad’s contemporary and positive agenda”.